Primavera Portfolio Management Strategic Solution, Strategic Success Costin Chirculescu Technical Manager 1
Primavera History 2 / 14 Primavera Inc. started as a developer of Project Management software since 1983 with Primavera P3 product - a product with a huge success that is still being used worldwide Between 1990 and 2006 Primavera made a series of development of new versions and acquisitions of successful products in their field (1996 - Eagle Ray Software Systems 1999 - TeamPlay, 2003 - Evolve, 2006 - ProSight and PertMaster) In 2008 it was the turn of Primavera Inc. to be bought by Oracle, becoming the main component of Project Management suite for Oracle products
Primavera History 3 / 14
Portfolio Management vs. Project Portfolio Management 4 / 14 Portfolio Management vs. Project Portfolio Management Portfolio Management is a larger area than the Project Portfolio. Primavera has made significant investment into the Project Portfolio Management capabilities of the core products based on the definition: Project Portfolio Management organizes a series of projects into a single portfolio consisting of reports that capture project objectives, costs, resources and timelines that fulfill the same organization objective. Portfolio Management (former ProSight) from Primavera is a solution aimed at the Portfolio level and has significant capabilities based on the expanded definition of what a Portfolio and Portfolio Management are: Portfolio Management - The processes, practices and specific activities to perform continuous and consistent evaluation, prioritization, budgeting, and finally selection of investments that provide the greatest value and contribution to the strategic interest of the organization. while Portfolio - A collection of investments that aims to maximize value while constraining risk.
Health Risk Performance Value Portfolio management process 5 / 14 The portfolio management process is made up of two primary components: Planning (where the business decides the most important investments) and Enterprise Portfolio Management Process Controlling & Execution (where the business executes the initiative). Value Risk Strategic Alignment Portfolio Balance Define program Develop Business Case Evaluate Key Metrics (cost, benefit, risk) Corrective Actions Project Termination Reprioritization Resource Allocation Balance Growth Organizational Performance Individual Projects Current and Trended Performance Overall Portfolio Results
Portfolio management process 6 / 14 You will be able to answer to: Which investments are strategic and aligned with business need? What are our investment priorities? What value is being returned to the business for each item or each portfolio? If the budget were increased or reduced by 3%, what would our priorities be then? How do we coordinate investments across departments? Are our investments adequately diversified? Adequately balanced?
Oracle Primavera Portfolio Management 7 / 14 Oracle s Primavera Portfolio Management solution helps organizations simplify the investment selection process in order to deliver value, increase revenue and achieve strategic success. With it, project and program managers can: Propose initiatives that align with the organization s strategy and mission. Prioritize and select investments with strong business case justification. Track activities and communicate performance results. Review portfolio performance in real time and compare to past or future data. Adjust course as a result of portfolio reviews increasing, decreasing, or withdrawing investment funding where appropriate.
Define organization strategy 8 / 14 Users can define strategy and objectives in order to align future programs or portfolios with organizational goals.
Insert new projects or scenarios 9 / 14 Users have custom forms available to add new projects or project candidates into company s portfolios. Add new projects Add new project candidates
Select the right projects in portfolio for analysis 10 / 14 After adding all projects / project candidates to respective portfolios Portfolio scorecard analysis Insert into portfolio?
Analyze portfolios 11 / 14 Analyze portfolio dashboards In bar charts, pie charts, scorecards or investor maps
Portfolio management process 12 / 14 In Investor map view, users can select different way to show data (different views) and even, modify displayed indicators:
Collaboration in Primavera Portfolio Management 13 / 14 Any modification made in portfolio or project structure will be sent by email to it s responsible owner to review it
THANK YOU For detailed solution presentation please contact sales.primavera@totalsoft.ro Costin Chirculescu, PMP cchirculescu@totalsoft.ro